About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Basel IV Delayed Amid Coronavirus Chaos

Subscribe to our newsletter

The Basel Committee has delayed the implementation of Basel IV by a year following intense lobbying from the financial industry due to the coronavirus chaos, with a new deadline of 1 January, 2023.

The Committee’s oversight body, the Group of Central Bank Governors and Heads of Supervision (GHOS), last Friday endorsed a set of measures to provide additional operational capacity for banks and supervisors to respond to the immediate financial stability priorities resulting from the impact of the coronavirus disease on the global banking system.

“It is important that banks and supervisors are able to commit their full resources to respond to the impact of Covid-19. This includes providing critical services to the real economy and ensuring that the banking system remains financially and operationally resilient. The measures endorsed by GHOS aim to prioritise these objectives and we remain ready to act further if necessary,” said François Villeroy de Galhau, Chairman of the GHOS and Governor of the Bank of France.

The implementation date of the Basel III standards finalised in December 2017 (and widely referred to as Basel IV) has now been deferred by one year to 1 January, 2023, while the accompanying transitional arrangements for the output floor has also been extended by one year to 1 January, 2028.

In addition, the implementation date of the revised market risk framework finalised in January 2019 has been deferred by one year to 1 January, 2023, along with the deadline for the revised Pillar 3 disclosure requirements.

“The revised timeline is not expected to dilute the capital strength of the global banking system, but will provide banks and supervisors additional capacity to respond immediately and effectively to the impact of Covid-19,” says the Committee. However, the group also reiterated its expectation of “full, consistent and timely implementation of all standards” based on the revised timeline.

“Current events demonstrate once again the importance of a resilient financial system, which these reforms will help further reinforce,” it said.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: The Global LEI System – Putting the Pieces in Place

This webinar has passed, but you can view the recording here. The Regulatory Oversight Committee has sustained development of the global legal entity identifier system – or GLEIS – over the summer months, most recently endorsing pre-Local Operating Units in China, Argentina, Poland and Italy to make a total of 13 units worldwide that are...

BLOG

A-Team Group Announces Capital Markets Technology APAC Awards 2026 Winners and Launches ‘State of the Market’ Report

A-Team Group today announced the highly anticipated winners of the Capital Markets Technology APAC Awards 2026. These prestigious awards celebrate the most innovative solution providers and financial institutions that are reshaping the capital markets technology landscape across the dynamic Asia Pacific region. In conjunction with the awards, A-Team Group has also launched the “State of...

EVENT

RegTech Summit London

Now in its 10th year, RegTech Summit London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to innovate the compliance function and response.

GUIDE

High Performance Technologies for Trading

The highly specialised realm of high frequency trading without doubt is a great driver for a range of high performance technologies that are becoming essential tools for Wall Street. More so than the now somewhat pedestrian algorithmic trading and analytics/pricing applications that are usually cited as the reason that HPC is hitting the financial markets,...